Selling far-OTM SPY credit spreads 0DTE (risk ~$100 to collect ~$2, ~2%) looks statistically safe since SPY often needs a ~1.7%+ move to breach, especially avoiding news days. And also spy usually moves less than 1.25 percent per day.
But since one bad move can wipe out dozens of winning trades, how many traders here have actually achieved consistent long-term success with this strategy?
Posted by Antique_Fox_7890
4 Comments
No offense but dude. It’s 2026. There are so many easy ways to backrest something like this. It would take an hour of your time if that to get an actual data driven answer to this question.
Do a search for “pennies in front of steamroller”.
Market moves on Monday with latest tweets should give you your answer.
SPX has been trapped under 7000 for 4-5 months.
Do with this info as you will lol